Blog > 5 Important Reasons to Buy a Home In Charleston This Year
By Ashley Melton, Realtor®
The Charleston housing market is admittedly a bit crazy right now. Homes are going under contract quickly after being listed - some within hours - and some for above asking price. But, that's certainly no reason to reconsider buying a home this year. Here are 5 important reasons to consider buying a home here in Charleston.
1. Inventory
There's been a limited inventory of available homes for sale in the Charleston area for some time. Currently, there's no real indication of when supply will begin to increase, so if you find a home that fits your needs, you should consider making an offer while it's still available.
2. Interest Rates
Interest Rates remain at an all-time low. If you've been thinking about purchasing a home, the time might be right for you to lock in a low mortgage rate before they begin an upward trend. Lower interest rates can lower the monthly mortgage payment of a home in the price range you are comfortable with making the cost of homeownership more affordable and it can also qualify you for a higher price point.
3. Generational Wealth
It's a great time to invest in real estate. Currently, rental amounts are on the higher side with fewer vacancies. Of course, there will be ups and downs in the market, but real estate consistently appreciates over time.
4. An experienced Realtor® makes buying a home in Charleston, South Carolina a breeze
Buying a home is one of the most important decisions you will ever make. It’s also an emotional decision that requires careful consideration and planning to ensure success. That’s why it makes sense for you to work with someone who has experience navigating this process. A real estate professional knows what questions to ask when looking at homes, how to negotiate effectively, and which neighborhoods are best suited for your needs.
5. Charleston is one of the nation's best places to live
Charleston, South Carolina is just a cool town! Charleston is consistently ranked as a great place to live by various publications. Today.com recently named Charleston one of the top 10 best cities to live for post-pandemic life. Here are just a few of the lists that the area has been included in as a top living destination:
100 Best Places To Live 2019 - Money
World's Best Cities - Travel & Leisure
There are still great opportunities to be had as a home buyer in Charleston. If you've been considering a purchase but are unsure of your next steps, check out some of my other blog posts about home buying, like Making the Best Offer in a Seller's Market and Choosing the Best Realtor in Charleston to give you some more info. Afterwards, GET IN TOUCH! I continue to work with buyers and sellers all over the Charleston area so I can answer any questions you have about the area.
Ashley Melton, Realtor®
843-670-2333
www.CharlestonPalmettoHomes.com